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20130108
20130108
Search Results 0 to 8 of about 9 (some duplicates have been removed)
not playing ball on the debt ceiling, part of me -- i don't know whether there is a part of me that would be in a football stadium with body paint on or not, hopes he does that and says, you know what, you guys barely do anything. why don't you try and do your job, and if you can't get your act together on this, then you can continue to have the terrible ratings and worry about getting primaried in 2014. >> he is awfully committed to this idea that he is not going to negotiate on this debt ceiling at all whatsoever. forget about it. i think republicans who think that they have leverage on this are actually misunderstanding the situation. newt gingrich said it exactly right. a week before the debt ceiling hits, the entire world of global finance will come in, remind them of their class loyalties and enough of them will join with democrats to raise the debt ceiling. that's what will happen. they will have embarrassed themselves in the process. you know, greg sergeant of the washington post has been writing about this. a lot of them are starting to realize that. once you have a few of them l
it be the upcoming debt ceiling fight -- ♪ >> or potential chaos overseas. just -- or just the overall sense that our economy isn't creating the jobs we thought it would. [ heartbeat ] >> this show i thought it would be important to have big themes to fall back on. rising tides that could lift all of their boats at least in the sector because we know that we've begun 2013 the way we ended 2012 -- with the endless assault of washington upon our stock market -- ♪ >> house of pain! >> plus, you also have to deal with the intellectually lazy talking heads who pontificate about things like risk on, risk off. i actually heard it today maybe four times, which is merely genuine wall street gibberish. and i did trade and invest for a living professionally that gets in the way of finding opportunities for you. these dopes are looking at the world through some weird binary lens, a lens that says every day we're supposed to trade the s&p futures, yeah. >> sell, sell, sell -- >> buy, buy, buy -- >> the long side, the short side. slang for we have to be bulls or bears. i intend to protect you from that perniciou
going to vote for -- >> we'll do dollar for dollar, whether $100 billion to increase the debt ceiling, $200 billion. take your pick, mr. president. >> thank you four a great two hours. "squawk on the street" begins right now. >>> congratulations to the alabama crimson tide, winners of the bcs college football championship for a second straight year. a third time in the last four years. what a run. it good morning, welcome to "squawk on the street." i'm melissa lee, live from the new york stock exchange. let's see how we're setting up on this tuesday morning. the futures look like we're tulg back here. t take a look at the picture. interesting economic data points out over there. eurozone hitting a record high. but a measure of consumer and business sentiment actually rose for the second straight month in the month of december. a road map this morning starts in china, where young brand said same-store sales are set to disappoint. is this a sign that a reacceleration of a timeless economy may not materialize after all. >> the ceo of sears is stepping down citing family health matters. d
about. about whether the treasuries get over the debt ceiling, can actually mint a platinum coin worth $1 trillion and call it a day. but i feel like it's getting transaction in weird places. >> well, among politicians, so there's your point. look, here is a couple problems i have with it. one is that the fed is not allowed to buy platinum. so how does the money get created? the government can print whatever it wants on any coin it wants. it's a clever idea. gold coins work and the amount of gold is more than ta face value so you never sell it at face value. so you would have to have a coin that would be worth more than $1 trillion after you melt et down and -- >> but would that convince anybody that we have any situation on what's going on and we've managed it? >> absolutely not. and the person who came up with this idea would be the first to say that. >> who came up with it? >> i don't know. i forget the exact name. but -- >> the 14th amendment -- >> the white house is -- >> the 14th amendment is that the president can do whatever it takes in order to maintain the u.s. debt. so basic
had before. they will not negotiate over the debt ceiling. this has led some republicans and some outside groups as well to advocate whether the congress would try to consolidate this issue on their own. using what they call regular order. i think what they mean by that as congress should go ahead and pass the budget resolution, have that resolution contain reconciliation constructions which is a fancy phrase for having them tell different committees, as revenues to raise our how much to slow down the growth of spending and maybe to put something horrible in it that will happen if they do not follow through. we saw how all that worked with the super committee. there are two basic problems with this approach. there is not enough time. the contemporarily raise the debt limit. this would be extreme. even if they give themselves more time, congress as a whole cannot pass a budget resolution unless both the house in the senate passed their home and the senate has not done that for a number of years. it would be even harder for them now. the one thing the deal did was to pick be lowest
avoiding the debt ceiling be as easy as minting a coin? there is a debate going on right now, i don't know how serious it is but there is a debate going on on whether the united states can create a coin worth $1 trillion, a $1 trillion coin. alison kosik is at the new york stock exchange. i love this story even though it's not real but just fun. >> i hate to burst your bubble, not likely to happen but it is legal. let's play the what if game, has a little more room to run. we know the treasury department with mint and issue platinum bouillon coins. deposit it at the fed and the treasury could pay off its debts and we wouldn't have to deal with watching the catfight on capitol hill with dealing with the debt ceiling. paul krugman, the "new york times" columnist says it's a game mick but says in an op-ed that ran yesterday in the "new york times" says the trillion-dollar coin should be printed. we should sit down like serious people and deal with probably seriously. that may sound reasonable but if you've been living in a cave for the past four years, think twice about that. he specifically
timothy geithner can use to extend the debt ceiling by the way the u.s. government can extend it in the past is simply not pay its bills. so any sort of cash reserves you'll have to replenish later. whether february 15th is the absolute deadline and whether the treasury department can squeeze it further i think it can probably get to the end of the month of february. >> what's the real significance of this event for the global economy? >> well, the worst scenario, of course, would be that everything koms comes grind to go a halt, the u.s. government acan't pay its bills because congress cannot agree on a deal and all this process takes place as it was in the battle between clinton and the republican congress way back. we're not going to get that scenario. for one big reason, we have a sequestration policy in place. and, therefore, the debt ceiling can probably, on that basis if nothing is congress, congress will agree to raise debt ceiling on the sequestration. but that is a messy solution. what we need is an agreement between congress and the president over the long-term, bot
coming on. we have the debate over the debt ceiling and what that is going to do. there is still a whole lot of trash out there to clean up before we have a clear view of the future. we can decide whether we like it or not. right now we don't like it. 45% of the owners said next, in six months the economy will be worse than it is today. ashley: so with that in mind, bill, i'm assuming small business so critical to employment in this country, they will not be hiring in the short term at least? >> right. they don't expect their sales to grow. so therefore they don't have a good reason to hire employees to take care of customers that they don't have. that is the real issue. they need to see the economy being better. they need to have a sense that we're on the right path. so they can invest money knowing they will get a payoff in the future. of course we already know that payoff will be taxed more highly. that is not real helpful. if you have profits growing, you don't mind paying taxes on them. tracy: one of the things i thought interesting was the quality of labor is a concern to a lot of
Search Results 0 to 8 of about 9 (some duplicates have been removed)